401(k) to IRA question

anthonybutler2 — Sat, 01 Jun 2019 01:58:18 GMT

I got a new job last year (2016) and transferred my old 401(k) to an IRA at my bank. Is that considered a withdrawal?

No, it's a rollover. Assuming the entire gross amount wa...

BobB7 — Sat, 01 Jun 2019 01:58:20 GMT

No, it's a rollover. Assuming the entire gross amount was transferred to the bank, there will be no tax effect. You will get a 1099-R form reporting it, and it DOES show on your tax return but doesn't get into taxable income.

topic 401(k) to IRA question in Retirement tax questions

401(k) to IRA question

No, it's a rollover. Assuming the entire gross amount wa...